Singapore Stock Market News

OSIM International - Muted Spending Environment

StockFanatic
Publish date: Mon, 05 Jan 2015, 12:55 PM
StockFanatic
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We expect the discretionary spending environment to remain muted in OSIM's core markets in 2015 and reduce our profit estimates accordingly. Maintain BUY, with a lower SGD2.30 TP (from SGD2.75) (16.2% upside). Nonetheless, we believe the company remains wellpositioned for growth when the market picks up, given its market leadership position and solid balance sheet for potential acquisitions.
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